Petra Financial Advisors Inc. Invests $718,000 in Huntington Ingalls Industries, Inc. $HII

Petra Financial Advisors Inc. bought a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,891 shares of the aerospace company’s stock, valued at approximately $718,000.

A number of other large investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in Huntington Ingalls Industries by 38,526.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock valued at $675,572,000 after purchasing an additional 1,981,424 shares during the period. Van ECK Associates Corp grew its holdings in Huntington Ingalls Industries by 32.1% in the 4th quarter. Van ECK Associates Corp now owns 1,646,733 shares of the aerospace company’s stock valued at $560,004,000 after buying an additional 400,428 shares in the last quarter. Geode Capital Management LLC increased its position in Huntington Ingalls Industries by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 1,116,501 shares of the aerospace company’s stock worth $379,098,000 after buying an additional 56,618 shares during the period. AQR Capital Management LLC increased its position in Huntington Ingalls Industries by 85.0% during the 4th quarter. AQR Capital Management LLC now owns 1,085,619 shares of the aerospace company’s stock worth $369,186,000 after buying an additional 498,690 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Huntington Ingalls Industries by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 978,365 shares of the aerospace company’s stock worth $332,717,000 after buying an additional 11,743 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $268.60 on Wednesday. The company has a market cap of $10.58 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 1.15 and a beta of 0.25. Huntington Ingalls Industries, Inc. has a fifty-two week low of $250.91 and a fifty-two week high of $460.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19. The stock has a fifty day moving average price of $295.79 and a 200-day moving average price of $362.90.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.09. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.Huntington Ingalls Industries’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the business earned $3.79 earnings per share. As a group, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 17.31 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio is presently 35.91%.

Analyst Upgrades and Downgrades

HII has been the subject of a number of recent research reports. Weiss Ratings cut shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Wells Fargo & Company began coverage on shares of Huntington Ingalls Industries in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 price objective for the company. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Citigroup decreased their target price on shares of Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Finally, TD Cowen lowered their target price on shares of Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $374.00.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $319.58, for a total value of $1,118,530.00. Following the transaction, the vice president directly owned 8,391 shares of the company’s stock, valued at $2,681,595.78. This trade represents a 29.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.80% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.